Novell Gains in Q1

With a revenue of $202 million and a net income of $20 million, Novell ended its first quarter somewhat as expected on Wall Street.

The company had $11 million in net earnings in Q1 a year ago in comparison. However, Novell ended the year with a loss over the previous Q4, as we reported in December.

"We are pleased with the invoicing recovery in our Security, Management and Operating Platforms business unit as well as our solid operating margin performance this quarter," said Novell president and CEO Ron Hovsepian. The U.S. company expects "similar" revenue results in Q2.

The Managed Objects company specializes in business service management (BSM), a sector where Novell sees a deficit in its own portfolio. To rectify this, Novell announced its acquisition of Managed Objects.